Double Tax Avoidance Agreements in 2015, Hungary

Double tax avoidance agreements

Double tax avoidance agreements settle the taxation related rights between two countries in relation to income and wealth. The object of these agreements is to avoid having taxpayers’ income taxed double.

However the agreements allow in several cases for both countries to levy tax on given incomes.

If there exists double taxation avoidance agreement between certain countries, then primarily this is to be adopted in taxation. Then shall be taken into consideration the tax rules of the particular country.

Since 1 January 2015 Hungary has double tax avoidance agreements with almost 80 countries.